Question
Four years ago you issued 12-year, $1,000 par bonds with a 7.5% semi-annual coupons that sold at a yield of 9%. If the required yield
Four years ago you issued 12-year, $1,000 par bonds with a 7.5% semi-annual coupons that sold at a yield of 9%. If the required yield on the bonds today is 6.5%, what should be the current price of the bonds?
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Production And Operations Analytics
Authors: Steven Nahmias, Tava Lennon Olsen
8th Edition
1478639261, 9781478639268
